Ch*rtry regisrrxiion number I 1.53061 JUBILEE COMMUNITY CHURCH (EG) CIO ANNUAL RF.PORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 JUBILEE COMMUNITY CHURCH
JUBILEE COMMUNITY CHURCH (EG) CIO LEGAL AND ADMINISTRATIVE INFORMATION Truste¢J 11 Baptisl C"MPain¢ (Appiinied 23 ()dob¢r 20231 J B H()Ibrwk S J Ciunter C.haritv Irnber I IS3068 Principlddr¢ss Juhilee C'ommunits" Centst C"harlii'oods Road Easi Grinstrad KlllY?111. Auditor Richard Place l)nlison %eThices Limiicd 1-7 Siation Ro1 RIIIO IHI- B#nker5 Lloi"ds TSB Bank LimitL coterica1 Banking Dii'ision i Cjreslwn Stre lffjndon F.C'2V 7HN Sollelton Innoi is Flouse. 108 HiOi C"raH'Ith" WL1 SILS RIIIO IAS
JUBILEE COMMUNITY CHURCH (EG) CIO CONTENTS Pge TrusieL% reix)rt Sialcment of tru5tee5 reswnstbiliiies Indeident dI101S rew)n Laiement ul. linla] aciiviiies 9-10 Balance sheet iaiemeni ofL&sh Ilows 12 Noies io the financial Aaiemenls C<>MpALffY
JUBILEE COMMUNITY CHURCH (EG) CIO
TRUSTEES REpoirr
FOR TIIE YEAR ENDED 31 A UGUST 2024
Th¢ tntts preseni their atlnual Fort atld financial staiements for thc I'LX 31 Augusi 2024.
The flnartial statcmcnts ha%'c bLxiT prcparcd in accordanc¢ ii-ith the accounting licleS set out in note I to ihe fEnancial
sialements and iompl% ii'iih ihi Chariiik 21)1 l and ilccouniing and R¥rK)ning Charities= S131LrnCni of Recotnrnended
PrJctJce ypli(-.ahle ti? chAriliv% pr¢.roring ihe.ir AL'.LI)Lint.% in trAneL. li'ith the Financial Re[)rting Slandard applicahle in the
UK and R¢publi¢ of Ireland IFRS 1021 l¢ffLylji¢ l JanuaTh" ?0191.
Obje¢tivts ahctivities
whL approi'irtg (he Lharil!" s objecliies ihe irnsiees arL' aii"arL' of thc Charii!. Commission s guidancL on public b¢n¢fit in Th¢
Advant¢nent ot. KLligion tor t. Public Ilenifit and hai'l" had regard 10 it Èn their jMinIsltl[1n (If the charill..
Thc trust¢¢$ b¢lieYe that M. lurther ath'ancem¢ni ol" the (Thrisiian faith and . suptx)rting choscn C'hrÉstian or charitablc
Ili1U(lU ui Mvik. (tir ilMii1s L41lt PtVYLdr 41 liiirfil Iv di¢ pul)lii h.
providing t2ciliiies for public worship and reli010£ and secular education for knth itg meTnbers and ihe Community";
prom()ting th¢ Christian taith in ih
K and o%"Lrseas. through sm"ICkn and othLY aLlii"i¢ics bN" its m¢mi)¢rs. io th¢
benelil ol-indii"iduals and 51Ki¢ti as a ivhole- (ind
providing r¢liLI- lur ihi r and nLL'di and help and comfon for the sick aThJ aeed.
The ChanN s Priman" ()b"ecis are..
To furth the ad%'anLement ofthe Christian faith in the Uniied King
JUBILEE COMMUNITY CHURCH (EG) CIO
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 51 AUGUST2024
AchIevemets and perfornixD¢e
ActivitiurdgL tTiLmlLTS to join onL of thL In) church tLams. M jth appmiimdtLI) 55 /0 ()[' adthi
MLInr5 engagLsd in ihis li'a>.
Uilr mis%rvn is iv connccl ii.ith indii iduals and famil1L in ihc MidLY communi1 thho mighi noi oihcrwisL ha%L comact wilh
To achieve this. WL organisi ihildren s activjties and famil%-l(Kiised Li'iryjis alongside OLLr %iLndai sen'i
JUBILEE COMMUNITY CHURCH (EG) CIO TRUSTEES REPORT (coiYfINLTED) FOR TIIE YEAR ENDED 31 AUGUST2024 I'h¢ r¢sm'es ar¢ di.ided betw.een Re5tricied totslling £25.04] and Unre51ricts funds totalling £2.839.080. of which £310.749¥ Cicn¢ral luJvJ5 £ j?8.331 ar¢ I1¥a[¢d funds Iprimarili. th¢ Building DL12nl¢ Fundi. M"hiLh is usL.d f()r Ihe tnainienanLL gLner411 runnin¥ Lusis ofihL building ihft)uÈknui Ihe l'ear. ThL CJcJiLYal Fund Ik')lance is mangg¢d in ¢nsurL' that lh¢ ¢hariti" holds the six months 0rating thpeAse5 as required und¥Y ih¥'lrusIL risk managLmLmi wliJ'. Ai 31. August 91124. tlK.CJLnLfdl tundy rLpriSLmlid 3-6 monihs Ot.unrLtrÉcl OPLYatin4 expen%. lkne church h&8 significant cxpansion plan3 Includin£.%el0pMlnl ii.ork in adjaLLni i'illaeLS io Easi GrinStrd. Plans forfuture period5 Our Lore objLLLII'L rcniains to focus on actii'ities that enable the spread of ihe Chrisiian gospel through local church c¢)mmuniriis. kn(h in thc IIK and Ovcr5c. Ilc hopc to 5cc our rncmb¢Tyhip and att¢ndan¢¢ grow liirthcr during lh¢ ¢oursc of the ne.xi12 months. wilh our focLLS on r¢aching all ag¢s. We ii'ill 31w ¢i)niinue io ini'egt in ihe Jubile¢ Communits. C¢ntrL'. in orikn ts) malimise the benefit to ihe Ioc31 communits.. m&iimik'ouT incom¥ and a¢¢Lltta¢L ()ur d¥'bi r¢'EI"M¢nt if in¢ome pemiits. Structu gov¢rtt#n¢¢ and mAnag¢m¢nf The tILs Mho serned during the i and up io ihL dale of signurc of financial statunenLs 'ere'. l L Ilar¥ H Bapti51 N tX)Mn MJEJem CMP(11 ' StrasJ'Jski J Il I lolbnx)k S J Guntsr IRcsiwd 27 Nov¢mirr 20231 IApwinied ?3 (ktober 20231 'I'he ¢h¥irv was regist¢r¢d on 2) July 2013 and is govemcd bv its con51itution ded 25th Julv 2013 a1 alnended on 5th January 2014. ThL goi¢Thing documLni proi ides lor a minimum ofihree truslees. M'ho Tnusi MeTnr5 ofJubilee CoTnmunil!. ChurLh. Eas( Cjrinstegd io administer and manag¢ lh¢ ¢h3riiX" cOnltled as a ¢haritable ineorw)rated oro2nis2tion ICIOI. Ai iicTh nUal gLllLTal TllCCtin£ ol'thc mcmbcr5 of the CIO. subscqucnl (o liN Atim. onc-third ol'thc charity. trus(ee5 shall rL'iif¢ tron otlice. TheTr' caEi ihen be reaptx)inted or tte¢S dppointLd. The IK)th.of tnjstees M'orks i'en. closeli. w'ith the senior leadership of Jubilee c.ommunity. Church. IlThilsl upholding their Icgal rlsA)nSIIllilie5. the trustees IIM)k io the church leadership tcam for oi"Lfdll i'ision aThJ dirLLXion. Jubilee Communih. Church is aifili*ed to the "New Ground- famil J ofchurches and the senior leadership of ihe church looks to ¢¢rtain ILadLrs in this ii.idLY colnmuniii Ivr pk'rs()na] and spiri1u insighL as Ii'ell as tak-ing adi'ice on goi'timance Structumand issucs. The irulltts OEKrate a child protLxlion and i"ulnerdble n$ tx)lic!' and pcrtomi rou(inL risk assessmLnts for all church actii'itie&llvdlth and satety. consideration is 8iien kn staff and the public environments in 'tCh the church operates. inwees are proi ided m.ith intoThnation the charih"'s obJLttii"L. aciii'ilics and rcLLni fin¥J)¢ial ]xssition. IknL)' attLmd Irusict llK¢ling5 as an vbs¢rn"rr Iv ¢T]4tbl¢ ihcTn tu und¢tstsnd thLir IL¥d] lL IrswnsibililiL
JUBILEE COMMUNITY CHURCH (EG) CIO TRUSTF.ES REPC)RT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST21124 Risk M%nagement -I'he Iru%ieLS h(Il"L (L¥SLSSLd the major risks to h1¢h ihL chdfiil. is L¥FK)sLxI. al arc salisficd that Si'5tLnis are in place lo miiigat ¢xp()surL l() th¢ milj()r risks.. ThL tntLs hav¥ a risk TnaniE¥wn¥nl slTrlLg! thdl ComprtK= nudl rLN'iLlI ()fihL risks ihai ihL ('[() mi¥hi fa. Le. thL L5tabli%hmLnt ol's%"sILtns & Pr[KLUrL'S to miligalL' those risks identified in IhL plan.. aThJ thL ifflpIL'menlalion ol. prOc¢dUr d¢S1¢d iu minimise an%" wt¢rtiial Imp on the CIO should ihose risls maiLriali%i. A kL}' LILmcnt in th¢ managcmcnl ol'fitwnctal risk is th¢ s¢tting of a reserTres TX)lic!' and its regular rei'lLifv bN' Ihe inistiLs..4sa LonsL4IILnLL ()I'ihL piirLhasi (Il-IhL ihurlh hiiildin& ihc C'l() h&5 ¢niLred inio a LointnLrcial 11i4m 4¥rLx'tnenl tii fiind IhL purLh( and the ini51LL will ni)i )Id LIiLEISiIL Lash 'r¢S in ¢urrLiit and ditK)sii &¥ounls ihat mhghi oihcTh+ise olysd knrroifving. "Il L'IU li ill. hoiiLILr. riiain sulliLiLlll lunds io ihrLY months" opLMing ThL ITLlS(eL's ha%'L' tdk"<n ihe <ippribaLh li) prn%in"¥ Lash ivhLYL' pNibli and cons]dLyL sensible to do so. whilsi also balanLin¥ LhLifLh's aims and objLxii%LS l() bc gLnLn)Iis ivh¥rL' appropriaii and pn)i'idL lor the PKX)r. The in]stees repx)n li'&8 approb'L%d bi. IhL Ik)ard ol"TrUste. (' M Pai. Trustee TrosTte Dai¢-. 10 February 2025
JUBILEE COMMUNITY CHURCH {EG) CIO STATEMENT OFTRUSTEES RESPONSIBILITIES FOR THE YE4R ENDED 31 AUGUST2024 The irurt¢es are reswnsiblL fur preparing the Trn5ttts RcTrrt and th¥ fin181 Sthi¥Th¢nL8 tn aLcordan¢L' M'iih applÈcable law and Uniicd Kin?dom Ac¢ouniin2 5ianilatds Iunitcd Kingdom G¢ncra]1!".4ccWDJ Accounting Practicel. -I"h¥ laH Jppltcahle to chariiies in F.ngland and Wales requires the inLS1eL lo prLpare financial sthiements lor ¥ach linancial i'Lar .hich 211¢ a IruL and fair view. of the stale o( affairs of the ¢horiry' ond of the incoming re&surces and application of rcsourccs ol'thc ckniti fnr that i'w. In preparring these financial sthiemenis. thc InLSt¢xs are required to: - seleLI suiiable accouniing ]x)licies and th¢n appl%" them n5]S1¢n11V- - obsep¥Yihe mdhods and principles in the Charities SORP. - mak'¢ JIE¢M¢nts and cstimates thal are rvasonable and Fwudent: sldLL i)k.IlJLr 41ppIiLiiblL dLLiTrUtiiing Sliwdards ha.¢ b¢¢n folloivciL subjca u) anN' matrrial depanurcs diKIosid and ¢xplainLd in ihe finjncial siaiLmLni%.' and prLpaTtihe financial stalemLnts on the gotng ¢on¢ern b1$ lesS it is inappropriate to presume that th¢ charitN' .11] continue in OPLralNIn. The tnJ%lees ?TL resnSIle for keepin4 SLifficieni tOutIng records disclose v4.ith redsonable accuraci. ai anN' time the financial rAisiiiiin of ihL charii%' and ¥nable them io ¢tLsure that the tinancial slatements compli. IN'ith the Charities Acl ?01 l. the Charii!. IAicounis and RLP)nsl RL2ulaii()tLS 2(K18 and th¢ pr()i"isi()ns of (h¢ trusi d¢¢d. Thci are also rcsTM)nsible tor salLouardin£ th¢ chariti s ass¥iS anij hLnLL for taking rLxsonablL slep5 for the prevention and detLrlion ol. Iraud and othLr irrequlariites.
JUBILEE COMMUNITY CHURCH (EG) CIO
INDF.PENDF.NT AUDITOR'S REPORT
TO THF. TRUSTF.F,S OFJUBILEE COMMUNITY CHURCH (EG) CIO
Opinio
WL have dudiiLd ihL finLia1 sialLn)Lnis of JuhilLx Comniwiil! Church 11--&sl (Jrinsl¢41di Ihe LhIlabl¥ inLortK>ratiil
(TrrgJnIt10n for the erMl¢d 31 Au¥us12U24 uhiLh Lon)prisL- of ihL siatLmint ol linan¥ia] acli%ilits. Iht bd1cL shLLI. t
statLniLtit ol. ClSh 10 iht linCial siaiLmiillis. iniluding signilicanl c(lnIjng 1]Ll¢S. "IThL financial ritK)rtir
raMivrk that ha% IK"Ln appSLI'd in thLir prLpdfdtii)n is appliLiiblL laii" and LjnliL Kingdom Accounling StanddS. inLludi
Fin1] KLtxifiin¥ SIdard IV? 'I'hL F inaniial RitK>rtin2 %tJTrJard applicablL in thL" IJK dt]d RLpubliL Lif Iriland IUnit¢d
Kingdom Ci¥nLrallv Actti)ILd AcLuTruntin¥ PrdLiicel.
In our opinion. the linanLial stsiemenis:
giv¢ a tr- and lair I'l¢ L)r th¢ sie of the charii!" s atTairs as * 31 Augusi 2024 and of its inwnjing resourLes aThJ
Jpplicalion Ol'r¥}UrlL5. fi)r the i"¢ar Ihen ended:
haiL IK"Ln propLrl!' preparLd in
JUBILEE COMMUNITY CHURCH (EG) CJO INDEPENDENT AUDITOR'S REPOIU (CONTINUED) TO THE TRUSTEES OFJUBILEE COMMUNITY CHURCH {EG) CIO R¢spOTrbl1j1L¢s of trnstees As expliiillL(I miTrre fiilli. in the. giaiemeni ol. Iruslets rlFnSIbll1Iies_ thL inJslLX% are reswtrnsible lor thL preparation ol- the rinancial staternLnts and for k.ing satisli¢d ihdt theK" gii"e a truL arml fair i'ithl". and for such iftterndl contnil as the trustLYS ditimiint 15 tiLfLSSaTh' to ¥nable ¢h¢ prepdrdiion of financia] sLaiemLnts ihw arl frix from maierial mi5Ststernent. Ivhether due to Iraud oi LTTQf. In prcpariji? the fitiaiiiidl sldLLJ)IrJils. dir IruslLI7 rLspVi[b[¢ fur iL55L51g the chuTi(1" s abilip. to coniinuc as going oincern. disclostn& as applicablL. maiiLfs related io going conccm at]d ]8 thL going concern basis of accouniing unles5 Ih. InLStee5 either inrind io cLase Okli0[l$. or hai"¢ reaiistir alt¢rnaiiv4" bui to do so. .4UditoS reSpo51b11ltles ftsr the ludit of the s¢¢¢Dhents W¥ l)av¢ be¢Ji apix)IlllLd iiudilur uiidLf JLxliuii 144 uf IIIL Cli11[1 ALI 2011 and in ac¢ordan¢¢ ivith the Aci and rele¥ani rLgulaiioEL8 made or haTr"ing effect therend. Our objthiives are io obiain reasonable alx)ui lihher the financial slements as a w'lK)le are free frorn material misstaiLrynLrylI. ii'hiiihLr due to Irdud iir crror. and io issue an audiiols r¥rK>n ihat includLS our opitLiOll. ROnable assurancc is a high l¢%d lif ossur4nLL bul i5 not a guarantcc th&t an a11¢ conductKd in accordance ii'iih ISAS ILK) will alii"a)"5 dctcrt a maicrial nL35tatimcni %YhLll il exists. Mis$tai¢mrnts atisi frotn fraud or cir(pr wid arL ¥1]S1d¢l¢ niairTji11 if. illLii% idualli ur in thL aggregat¢. thJ' could rvdsotmbli" be expeLied io influence the ITOTK)mi¢ decisions of users iak.en on ihe basis of thLV rinanLI?c l %iatemLnis. IrrtgularAi¢s. inLluJing frnud. are insthn¢¢s iTrf niin-iotnpliani¢ i%"ith laii"s and rtgulaiions. Thl ubj¥iliN<5 ofour audit ar¢ to obtain sriCle[It appropria¢L audii Ll LdertLY rr¥atdin¥ iotnplian¥e iTrith laii'5 and rcEulaiions ihai haie a direLi elTeil Oti tli dL Tminjtion of maiLrial amounis and disLlusures in the financial staicmenrs. TO rwfomi audil priKedures lo help idLntLli. ill51anLesol' non-Lomplianie li ith othLY laii's and rLsoulaiions that m. hai'e a r])w¢rtal LtTc¢t on ihL finanLial s(aiemLnts. and resp)nd zppropriaieli. to identilied or suspcctcd non•compliance ii'iih laii"s and re£ulalions identilicd during thL audii. In rLlaliffl to fraud. Ihc objcciii'cs of our audit are to ideniih- and 5¢s5 ihc risk of matcrial missthiemeni tst. the financial staietnenL% due 10 traud. to obiain suftici¢ni appmpriaiL audii ei'idence regarding the essed risks of mai¢rial misststements due lo trjud Ihrough d£sionin£ and implunLDiing appropriaie reswnses and to re5FxJnd appropria1} to frnud or suspeLxed fraud iddtilied during the audit. HowLILrii is ihe primaTh reswTrnsibilii)' ofniai)agvmcni. li lili Ihe oi'ersiuhi ofthose charged w.ith goi'cmanc¢. to cnsuri iliai ihL Lntiti, s LVfJtions are conduete(l in a¢u>rdCt i%'iih ihc proi'isions ot-laH's and r¢oul3tions and for ihe prci'LYition and detection ot Irdud In id¥nlitbing ar eSSing ihe ri5k5 Ot'mat¢rial misslatLineni in resth of irregularilies. includitlg fraud. Ihe audii ¢ngagemen( ieam enquirie5 Ot" manageTnenL and th¢)s¢ charged with goi'ernance. regardi118 the procedur¥s relating io id¥ntits'in Cialuati a1 complying '1th.. laws and rLgulations and M"IILthLr ilw. MirL" aiiarL ol-ani" ul"nvTrcompliance' 2. L11n9 and restxjnding io ihL risks of frawj and h¢1]Ky (he%. ha%"e knoiiled£e of actual. SUSFttted or a]ILged 3. thc internal controls estsblishd io mitigat¢ risks rclatLxI to fraud or nonthcompliatitt li.ith laws and regulations; A¥ a rLdi of ih¥¥L pro¢LurL 7Ai LOtL5idcr the mosi si£nificant lam's and rLgulaiions ihai hai"e a dirLXt impacl on the fi[LClaI giatementr 2re FR% I ll? (Teneral Dala Protection Regulalions. Chariries Aci 201 l. Charities Statement of Re¢ommended Vraciicc Jnd empl()}"mcnt laii. and regulations. We perlornied audil proccdures to delecl rK)n-complian¢e. ii.hich ma& havc a maierial inpaLi on ihe financial statements. These lnLIudL rL%'iLnNing financial stalLinent disclosures and eTraluating adi'ice 1cccii.cd from cxtcmal adi'isors. Ih"¥L %¥¢K¢ biyiifiiiUi( <uiJ tr¥ulÈiLiuns JLLttLLd as hai'"illg an indireci impaci on ihe financial stslem¢nts. l. Revenue reeognition - this wa4 tested substanitvel!, for rents] and lease income. u'e perfornied proof in total testing oi'er grdni incomL 2. ManagLmLml oi¢rridL' (Trfwnirvls - M"C TCI"Tcw'cd managemem accounts and large ji)umal% tn di%ix)i'tr an), [dEnce nf anagement oi'LYride 3. Valuation of trLLhold buildings- Ihis has t*en ie51ed b%" rv4"iewing th¥" dlyftxiaiion calcu110nS and ihe residual value ssumpiions made b%. the I ru5tcc's w maTk"d da
JUBILEE COMMUNITY CHURCH (EG) CIO INDEPF.NDENT AUDITOR'S RF.PORT (CONTINUED) TO THE TRUSTEES OFJUBILF.F. COMMUNITY CHURCH (EG) CIO A lurther dLSLripiivn ofuur resTM)nsibiliiies is aYailablL" on the Financial RcrA)rting C-ouncil s w11¢ ai: hllps-1lTr..fr¢.{1rg.Uk1 audii()rsfLsrM)nsibiliti. This dLwriNion fi)rnis pan ofour audiiorfs rep)rt. Other matters Ilse of our report -llii8 r¥rK)rt is niadL solLIN' io ihe LhartTr-s lrusiLx. a Mx1I'. In accori]ancL ii'lih pan 4 ofthL ClwliiLS I.ILcounis and RLrx)ns1 Rcgulalions 2(M18. 1)ur audii '0T. has n undLnakcn so ihai ii'L miÈhi siaiL 10 IhL chariii s (rusiees thos¢ mailers i%"e aTL' reouirid lo staiL to ihLIM in an auditorfs rLP)rt and foi no othLT purrA)se. "lo the tullesl extenl millItid hv laii. i¥"L nol a¢L¢VI or &ssutnL r¥srA)nsibili¢v to anvonL OthLr ihan LhL charit}. and ihe LhariiN' s IrusiLes as a tN)d)". for uur audii worL for this re)[L or lor IhL opinions ii'L havL lomiLThd. Richard Place DObTh Serwitts l.imited ChArlered Atcoutants 1- 7 Station Road C'rnwley 'esl Su55ex RHIO IHT 18 February 2025 is Lli¥iblL l(?r 41PPN)inimeni ds Iiudilor uf the clwit)" . bÉrtue of its ¢ligibilit)' for aP)in1¥t audit()r ora ciTrmpan)' undBr seLlioTr 1212 0l-thL LompdniL5 Aci 2006. (oMAwNITY
JUBILEE COMMUNITY CHURCH (EG) CIO STATF.MEwf OF FINANCIAL ACTIVITIES INCLLDING INCO.MEMD EXPENDITLRE AccOur FOR THE YE4R ENDEIJ 31 A UGUST2024 Curreni fin#n¢il vear Utsrt5tri¢ted UDrestricttd fund5 gtn¢rnl 2U24 Restricted fund5 Total Total designlied 2024 2024 2024 2023 Income elldowments from: Doli(Itio and l¥"a¢iLs Charitabl¢ actil ilies IIiic5tin¢n15 her itwm¥ 4?8.176 179.853 j9.j4i 18.818 1.5 446.994 181.3)3 59.)45 297 421.292 174.007 58.941 2.995 Tot1 inr•me 667.¥71 2V.31¥ 6¥¥.189 657.235 Expendiwre on: 1'hirl[l bli acrii'iiies IA8.429 31.717 31.312 711.458 699.510 Total tJpndlrnre IX.429 -11.717 -31..112 711.458 699.510 Nti iTrcomelltxpendilurel lil.7171 110.9941 123.2691 142.2751 Trdnsferskiwccn fund5 111 ?821 11.28? Ntt in funds 8.160 131.7171 288 123.2691 142.2751 Reeon¢il#tioD of funds: l.-und ballJlLL'S dl I SLyic¥niKr 202) 334.306 2.328.331 24.753 2.887.3 2.929.665 Fund biFan¢es at 31 August 2024 342.466 2.496.614 25.041 ? 864.121 2.887..i90 'lTh¥ biaionLni of litwjcial acti)'ilies includcs all gains and lo$sL rLYognised in th¥" N¢ar. All incom¥ and ¢XditUr¥ d¢ri%"¢ frvm li)nUing alli]lIL$.
JUBILEE COMMUNITY CHURCH (EG) CIO STATEMENT OF FINANCIALACTIVITIF.S {CONTINIJFD) INCLUDING INC".OME AND F.XPF.NDITIJRF. ACCOUNT l¢UR IHE. YEAK JI AUtiUST2024 Prior fbD4nci•l year (Imrestricted Unrestrkned fund5 futtds designated 2023 Restrict fuDd$ Totsl 2023 2023 21113 otes Income #nd endowmtThts frnm: DOLIVA tiiid lil?aLIL C'haritablL aL1ii'itie5 Ini"LStmLnt5 Othcr inwm¢ 396.671 174.1)07 58.1141 ?.995 24.621 421.292 174.1107 i¥.941 Tot41 iDeOIDt 63?.614 24.6?] 657.?35 Expenditure OD: C'hari111 blL (ILIii iiiis 1116.¥46 699.510 Tolal txpendits j9?.6fA 106.846 699.510 Net int•melltxpendilurtl 39.Y50 182.?25} 14? ?751 Trart51ers lWttn funds 110.5791 2.130.848 12.119.969) Net movtmettt in funds ?9.371 2.130.548 (? 202.1941 {42 1.,51 Reconciliation of funds: Fund bdldnLes <11 1 SLPILmLx'r 21122 304.935 397.783 2226.947 2.929.065 Fund bal3Dfe5 at 31 August 2023 334.31K 2.528.311 24.753 2.8%7.3 10 CoMAMJNy
JUBILEE COMMUNITY CHURCH (EG) CIO BALANCE SHEET ASAT31AUGUST2024 2024 2023 .Notes Fixtd a55ets lan¥ibl¢ 358¥ 13 3.014.753 3.060,405 CurreTrt issets D¢biui Lash at knk and in hand 14 ?8.079 178.365 37.780 249.904 21kn.444 287.684 Crediton: flling dut within one YAr 15 112J.1101 1124.861) Net ¢um•t #ss¢ts 82.334 162.823 Total at8 less turreDt liabilities 3.097.087 3.223.228 Cryditon: amounts falling due fter more than onevtar 16 1232.9061 1335,838 2.8(A.121 2.887.390 The funth of tht cbarit). R¥blriL1e6 illLI)iiIL funds. IlnrL'sifiLd tun¢ls - 2Lneral Unr¢%iriEd fimds- d¢Sign¢d 19 21 20 25.041 342.466 2.496.614 24.753 334.306 2.528.331 2.864.121 2.¥X7.3YU Thc fina "mcnts were apFKoved b). th¢ tTUSt¢¢s on..!O Feb.w..2025 E IlariL Try$tee C M Pai'ntr TSlee
JUBILEE COMMUNITY CHURCH (EG) CIO STATEMENT OF CASH FLOWS FOR THE YEAR EIVDED 31 AUGUST2024 2024 2023 Noles Cash flows from operating activitie5 Cash ah50rb¢d iTrr&rati()n 26 117.991) 138.8941 Investing 4ctivities l)(1rLhLsi ()l-lJn¥ihl¥ liicd &ss¢ls Ini'L31meni incoffle rLXLiVLd 18.6801 59.545 113.256) 58.941 Net cash gener¢ed from iThv¢stiDg artivities 50.865 45.685 Ftrtncing activities R¥p%l}mLiII i)I' bank Ii)ans (104.4131 170..1131 Net C8sh ustd iD fillncitt% aetKI'ities 1104.413) 170.3131 Net de¢rtse li cash 4nd fash equivalents 171.539) 163.5221 Cash and cash ¢quival¢nts ai IKginning of ?49.IAM 31.3.426 c.ash rx5h v4yiTr'#lrnts ¥1 td yt*r 178.36) 24Y.9t4 12 JUWLEE coMMuNIIV
JUBILEE COMMUNITY CHURCH (EG) CIO
NOTESTO THE FINANCIALSTATEMENTS
roR TIIE YE4R LNDED 31 A UGUST 2024
AttouTrting policies
Cbarity inforjnatio
JubilLL C"ommunilN" C'.hurch IEasl (iritLsieadl is a Charitable InryraId Organisation. r¢gistcrcd '1th ihc Chari
Cornrnission tiir England and MalL% Inumb¢r 11 3068I. prin¢ipal addr¢&% as %et ou¢ on page 2. Ihe chariiv Lon81itu¢es Q
public k.nilit Lniil)" as d¥ii¥Kd bv F RSIO2.
litWLcial stailmints ha%L bLx'n prLyared in aiLordancL Ii'iih ihL ChatiiablL Incortxif41ted Org4mi5¢ltion ILI()I
xKiation cotiTution. Ihc Charitics Act I. FR% 10) ..Thc Finan¥iai R¢poning %ttwdard appliiabli in ih¢ UK and
RLyllbli¥ of I"land. i-F'K% IO•-i and ihL c-harillL %()RP "ALLouniin¥ (U]d RLtKTrriing b Charities.. %tJiement of
R1)MmLdi PnLXiLe &rypplkcihle in Lh.qritips preparing iheir Alilin1$ in iLcordaniY i&iih the l--inatKiLII RepK)rtin
lJndard appliiable in the LIK and Republic ()[ Ilartd IF'KS 1021" l¢ffcitii"c l JanuaTh' 2(JIYI. I he C'IU is a VubliL
B"fil Fniiti. as difinLxI bN' F'R% 102.
Tr IiJi£UILidl s1(tlrisirnls hdir dLljd[iL rtvm th¢ ChariiiY5 and Rwrt5) Rcgul(llion5 2(K)8 only to ihc cx(cnt
r¢wirL'd to pro&idi' a truL and lair % iiil. lThis TIanre h&$ ini'oliLd folloi%ing ihc %taiLmeni ol- Recommended PrdLIiLe
lorLhariii¢s appli in& l.'R8 102 rather ihan the i'4rsion ol-thL SialLm¥nl of RcL7)mtnLndLd PraLle¥ Mlii¥h is rLILrr¢d io in
th< Regulations bul li liich lias sincc been ii"iihdrdii"n.
Tr rin8ncial $iai¢m¢nts ar¢ pr¢partd in 5tcrlin& iTr"hich 13 thc funLtional currcnc>' of thc CIO. Monctarv amounts in thcsc
fiNnLial 51411Lm¥MtS rvundLd to ihe nvar<si £.
Tr financial stat¥lllinis hai'¥ prL'parLd under ihe hisiorical Losi LoniLntivn in accordanLL Illth appliLablL IJK
acmunting SndardS and folli)Iv ihL fLxommLndaiions in Siaiemeni ol R¢Lomrn¢nded Practice= Accounling and
Rwrting bj Chariikes {SORP FRSIO?i ¢tT¢aive Isi Januan. ?019.
Bxis of eonsolid8tioD
Lh
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIALSTATF.MENTS (CONTINUED) -OR 7HE YEAR EJVDED 31 AUGUST2024 ActountiThg policies l.$ F.xpendits l.itthilltlL ufL" rognIs¢d a5 ¢ynditure as soon as: lh¢ is a ILgal or ¢onstructll L obli¥1110n commiiiing ihL charit!. io that cxp¢rKliture. il is iiivLTdlpli Ili¢il )¥iil¥Jll¥lll M Ill l)i 41[¢d. and Ihe OUnt (Il-tlK obligation rdn me&%ured reliabl!. sliprt and go&emanc¢ cnsLs. ii.hich inc]e LY)sts aThl Itgal a1 slaiutOD' Los15 incury¢¢J in Tunning ihe Charit!.. are all(iidlLd io Lh lhlIabIl 111.11. I'd on tittlL StK'nt on L-dLh ill. No Supkxin or go¥Lrnanc¢ ci)%ts arL alloc4llL tr) Minisin, gifls. 1.6 Tangiblt fixtd a55¢ts FrLxhold land and buildings are reLOLynised ai hIOn¢ cosi in iliL acci)unts. C'(ysl includes Il)e pUrLh1L PriLL and rL"latcd LxpLndiiurL'. li)gLlher 1th th¢ LUKSL ol th¢ inilial redelelopmeni ot- and subsL"qucnl improi.¥¢L% the dThl huildings. l.and is noi depreLiaied. ljuildings arc d¢prcciatc(L in order that the dilTerenLe kxweLm their cost and c5timatcd re%idu vJIu¢ i5 Lharged to ihe SOFA ei'enl). o%er th¥ (slimrd w8rful lifc ()t-4U )"Lars. ThL fLidud 1'411ue IS Lstin1411 Ic? ik. IIK. Lurrinl orKn mark'il %a]U¥. "hiCh is ILS5 ihan ihL hisiofiL tSt. In lh¥ trust¥ judgLniLni. IhL hist(?rir ciisi fairl! rLpresLnts ihL i aluL of Ihl land and buildin&% as a church a Loinmunil!. iuntrt. iiherea5 Ihe market alue rept$ Ihe i'alue nf ihc land and huildings when ihe). are nu longer useful for this purtK)sc. All othLr aSSLts iviih an awui$ilion LXISI lCl1n8 £51M) arL' capits11s at th¢ir original cosL Ik)naiLd d515 aK' inLlud¢d in fi.xed &ssets ai Valuation al the de r¢LL11'L uherc thc &aluation exc<ed5 £500. '1"heTe n() additi()ns IDI this lear. l)¢pr¢Litilion is pr()i'ided on L4uipmLmi and lurnitur¢ onlTr ai rdtes io write ihe cosi of cach as5LI ov¢r iLs ¢slimdied uselul lite using the rail sl Olrt bclom.. Frlxhvld I41[ buildi¥t Building liiiurL 111siL Lquipmeni JxiurL¥ and fiitill8S Computers 40 )rJrs 10.(r/o P.& 12.5¥J/o PA 25.(P/o P.& 33.jyo PA 1.7 Imp#irnitDt of fixed •ssets tli LdLh r¥wning lnd da¢¥. ¢hL charit!" l"lethS the cam.ing amounls of its ¢angiblc asscts to ddemiine iiheiher thLre is anN indiLaiion thai thos¢ assels hdvL impaimiLni loss. If ani indicatilbn ¢xi5W th¢ wu)VLrable amount of thL &8SLrt is ¥Ilmald in ordLT lo dd¢rniine the LAILni olthe impdirn)Lnt loss {if an)"). 1.8 Cgsh And cgsh equivalents C'ash and cash equivalenls inLlude c&sh in hand. d¢sits hcld ai call M"iih banks. oiher shon-lcrni liquid ini'L3tm¢nLs "1th original maiiiriljes nf three mnnthg nr IL*S_ a]Id l)ank" oi"erdraJls. oierdrafts are shoi¥m u'iiliin rrOl£S in LurrLiII 1.9 Fin4Dci41 iD$trumeDts "I'he Lh111. has LILLILd lo appl%" thc proi'ision5 of SeL-iion 11 "B&sic Financial IttrUments. and lin 12 '0ikr inaniial Instrumenis ISsUL of FRS 102 10 ail of its fitWlLial in51nunents. inanLial instniments are rcroEnised in ihe charli) 4 halal shcd ivhcn the charit) becomes panj. to the contral11 txoTrisions ol-the instrumlnt. 'inanLial asseis and liabilitlLS ar¢ 011sd. ii.iih thc net amounts presLmied in ihL financia] 5tat¢menls. iihen IherL' is a le¥allN LJiforLLable light to 5cI oll'ihc rrcognixxl amounts and Es an intention to 5Cttlc on a nci bdSi$ 14) fLalisL t1¢ &SSL( and settle the liabilit%' simulian¥ousl%". 14 Co1ut1Ty
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 A UGUST2024 AttouTrtiDg policies (Continued Busicfinftncialussets BJ>'ii lirLiLnLl411 aSSL'ts. i%"hich Én¢lu(k d¢biors and cash and bank balancek are initialli. ffl¢asur¢d at Iransaction price ilUding transaction costs and are suhswuenill" calcd ot tunort15ed cost sing thi cif¥¢tlVi illiLr¢s1 mcih(>d unlc35 ihc atrJng¥mLnt L(Inslilule5 a linancing Irdn5acLion. iihiYL th¢ iranLI10n is mlUred thL present 'dIll¢ of the futur¢ reLtiPl% di%cnuniLd al a markil rtllL nf iniLre%l. Financial i%sets i lagsifid as reLei%4ible ivtthin one i'wdr are not anJonis¢d_ B1< linanciol liabilitLi5. Lncludine cr1tr5 and bank loany ar¥ ITILtiall!' rccogni5cd at transaction pric¢ unl¢s% th¢ amngeinent ciinsiiiuiLb a lin(InLin¥ [ranslITr. M here the d¢M insirutnent is mLa%ur¥d ai the preseni ialu¥ ol'ihL luture pairnents d1_aliniLrt at 2 mxrk-d nie ol- inieresi. Financial liabilities classifiLryI as pal'able ifvithin one ¥'e3r arL not amDrtisLd. LJ15tnuncnt5 sub5¢quentl!" fdtried at amortised w51. usi1)¥ th¢ Lif¥iliir li11rst rdlL IIILthtKi. Te credit()rs arL" uhligaiions iii pai. l-or gix)ds or SLn'iLes Ihdl hai"e ken acquirL"d in thL ordinan. coursL of OP¥raiiiins rmn suppli¢rs. Amviinis pa!ablL ar< cl&ssiliLd as current li2biliii¥% jf pai'm¢ni ib due li iihin OnL I'Lar or ILSS. If not. thev aiL prL.senid Ls non-iurrL"ni liahiliii¥S. "I"radi cf¥xliiors ari nX1)gnisL iniliall!. at tran5aaion prici and subs¥qU¥ntlfv n?Jsud at atnortiscd cost using thL LffeLiii¢ ini¥r¢si mhl. Piimenls lo defincd contribution retiremeni benefii s¢hemes are Charged &% an expense as the). fall due. 1.11 E¥ploy¢e benefits LTwloveL' knefiis are recognised in the rkriod w M'hich ihLTh relate. The cost of an), unused holiday ¢niiil¢mcnt is rcoignised in the wiod in iyhich the emplovtt s sern.1S ar¢ r¢¢C]'¢d. T<rninaiion iLlEtS are recognised immediaicl!. a5 an cxrLnse ii'hen ihe charity is demonstrably committed to t¢rniinaie IeMpl)ITLnI nl-?& n Lmplni'L'.tr nr in proi'iile ieminaiion l)enefilS. -12 '4T Viif is partiallv riCOVLrablL on building costs including the dev¢l(ypm¢nt and rnnning of the Jubilee Communiti Centre. 'Iht recorabl¢ VA"I' is LalLuldied on 41 building usa?L basis as inu)mL g¢nLraiLd from ihe I]ng and rL"nial ol. lh¢ buldirlg is i"atablL. Th¥ Irrecoi'erable VAT is included ii.ithin matwment and administration expenses in the Suiement 1.13 Gifts *nd dtsnatitsns pavable (iifts and (knnaiion5 ptti ablL to other clwitics and o(MKI causcs ii'iih ii'hich the chants" is affiliated. The amowit dwied is ai ihL disLreliun of the C"hurch l--Idcrs and is r¥'¢nrdL.d in ih¢ SiaiemLni of F inancial Actilitics iNh¢n paid. 1.14 Beiefi¢i9110gn$ Frim tim¢ io tim¢. th¢ charits. makes loans * beloH"4naTkd inteTcsI rdt¢s. Th¢s¢ loans made in order io further ihe cknTh' % objecii%'¢s raihLr ihan io make a finLa] return. SiTnilarlN". the charht!. somLtimes receikes loans ai kloM' nuket Interest raies. Ihese loans are mad¢ in ordcr to turther the lender s charitable purp)s¢s rath¢r than io makc fmancial rclurn. Th¢r¢torL all i)f Ihcse Iiffins ar¥ valued al ihe aTnount paid or recill'LxI bN' thc charit!". less anv rqoi'mcnts. pl$ inicrcsi lilanl'l ac¢ru¢d the l(Tran. and tUTthcr sjjustcd th)M"nM"ants if nec¢ssat?' for an!" impaiTmLnt. Ljxns un cumrnercial tirms arL rcLI)rd¢d in the balancL She ai the amount or18L¥Jall knrrom'ed. lniere tra}'able on such is fjharg¢d to th¢ SOFA basld on thi io whiLh il relai¢s. 15
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TOTHE FINANCIALSTATF.MF.IYTS {CONTINUED) FOR THE YEAR ENDED 31 AUGU3T21J24 C.riti¢al estimates and jwdgem¢nts Thc prLwardiion of findncial statcmcnLs r¢quires the use of acciwniing cstimatcs and asswnptions LM. the trusices. li a rLyuir¥¥ InL%t¥YS Ici LXLYCISL ihLir jiid8L'inLnl in ihe pr()Ls% {)l-appli'ing ihL accounling pxilicies. In thi judgLmL"nt ol'th¢ trustees. the Ireehold land and buildings ar¢ held prim&il> for orKrdtiona] usc b!. lh¢ charil%'. At pre%Lni ntsi all ofihL PTOfLrt%' has bc¢n dei"elor&xl i(Tr thL lh11%. s rLxiuifLlnLnts. and the undllI[1rxt SLLtion is ILasLd ID d .Ird pthi. I IIii4LI'ir. Ihi5 is a sh()rl tLrm mv&%ure r&nding iliL aiaiiabilil! ol- lundin¥ for rL'dLI LlopmLni. alid this 5¢Lti( ()I'thL pri)[1%. does not LonsliiuL- an ini'estrnenl prop¢rt!. 'Ilii trusl¢L%' ¥slittLales ol- IhL USLful lifl and rLsidual i.alue ()r ihL. frLthold laTrJ and buildings a1 the IkprLcialiL LhargLd on thL5L dSSL'ls arL an L%iimai¥ based on iht TrusteL'5 i5( judgemeni. Infomt don4tions ad le8¢ies Llttrestri¢ted Restric¢ed flld$ rvnds 2024 2024 TDtl Ilnrestricted Res¢rirted fNdS funds 2023 21123 Totsl 2024 20LI l)ondiion% and gitis (Jrants 428.176 16.818 444.994 2.11(Kl 395.671 18.8?1 i.8IM) 414.492 6.81XJ 428.176 18.818 446.994 3Y6.671 24.6?1 421.292 Incomt from charilable ¢li¥ities UDre5trirted Restricted furtds funds 2024 2024 Tot•1 Llmre5tricttd Restrirted fuDds 2023 Totsl 2024 2023 21123 Churth ministry InLI)mL IT()lll Lharilable a¢iivities 179.853 l.iOO 181.353 I74.IM17 I74.7 Income from iTrve5tments lJrr5trlr1c funds 2024 funds 2023 Lras¢ InMe IntcrL'si receivable 5J.Y>J 5.592 )4.Yll 59.545 5¥.941 16 LEI cO¥pAUiTY
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TIIE YL4R ENDED 31 A UGUST2024 her in¢omt Unrts¢ricted Ilnrestricted fund5 funds 2024 2023 Other income 2.495 Exptttditsrt charitable activitits Church Gifts Building Totsl mittistTr projeets 2024 2024 2024 2024 2024 DIri c0515 106.664 106.383 108.308 54.332 954 1.745 1.105 321.355 54.332 Y96 1.801 6.306 2.046 4.158 36.978 16.790 10.tA6 1.880 84.5£1 61.403 19.670 tkweiidtion and impainnlml Sundr%. P}loC0p1.1ng. printing and publishing Supplies and stationc oirice purchasL¥ Cthlerences and training Swlial '¢nIS STTr811 wuipmcnt Tekphon¢ & lOmper cOS TNILI and retreshmenis Nluiislr" gifts 37 56 5.201 3.872 14.165 376 7.857 1.529 262 21.958 8)5 16.414 2.789 84.5SI 61.4Q3 18.2)5 Prrtnises hire 143.218 128.959 84.i51 21rf),184 622.912 Sbre of $pport Ind goverD•ce co5ts15ee note 8) 17.2%0 3.50) 15.2Jl 3.oy I 9.992 7.026 31.11)4 6.3a7 CthLYnance 14.929 164.¢X)3 147.291 96.569 303.i95 711.458 Auly515 by fund Urrlsiriffled funds. _ general [I1n¢Tld funds- designaied R(slrictLd lunds 162.743 147.291 66.517 271.878 31.717 648.429 31.717 31.312 1.260 30.052 164.(K)3 147.291 96.569 303.i95 711.458 17
JUBILEE COMMUNITY CHURCH (EG) CIO IYOTF,S TO THE FINANCIALSTATEMENTS (CorINuED) Tr-UR 7HL YEAR EIVDED 31 AUGUST2024 Expenditure on ¢haril4bk xctivitie5 Pnvious vear: Church Gifts Buildirtg Totsl illistry prnjects 2023 2023 2023 2023 21123 Direct costs idil-L(IslS l)ipfLYiaiion and impai1 85.11]6 91.23U 96.963 54.8.15 1.787 273.259 S,l.R35 1.9",8 191 23 Phi)tl)LopTring. priniing and hlE$hing UppliL and slationtr). (Illice pur¢h-¢S Q'onlirLncis and irnining '¢ial LYLnls mall Lyuipmcnt 'ILl¢phiin¢ &. Liimpul¢r u)sts 'IrdTrLI rL'frLshmLnib MinistTh 2itls C-hariiable gii'itig 77 12 W8 6.111 120 6..102 2.91th 5.1..1 514 9.848 2.310 88.(TrY3 2.)46 17.174 i85 7.5)7 2.297 250 2.251 19 88.693 i.225 5X.41)7 R.875 58.417 PrimisLS hire 1.261 117.931 127.268 93.918 ?30.971 5711.018 Shar¢ fjf 511PPOrt and govtrn%ttce costs Istt Trott 81 26.0?9 2.863 19.208 2.113 116.590 (iov¢myn¢¢ 2.(Tri3 i.197 144.7(M 156.160 115.239 283.407 6W.510 Anali'sis by fund I InrL%lriitLd lunJs- g¢n¢rnl RLStricled lunds 144.704 148.456 7.704 98.637 16.602 200.867 82.540 1()6.846 144.7(M 156.160 115.239 699.510 18 UWLE
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TfiE YEAR ENDED 31 AUGUST2024 Sipport e05ts allotated to aetivities 2024 2023 Ststl-i05ts Bank Lhargcs krt2a2L and bank. loan inT¢fesT InraftLe Siindn eXne4 Bad dLbt 6.)46 3.429 32.250 l.l.lJ83 31.082 28.892 12.)63 659 1?5 18.178 14.9)9 Biiilding maintLman¢c Crt)S"Lrnunci Costs 39.871 12.826 88.546 129.422 ArAh'5ed belwttu: LThurch minislr%' Yipjih pn)jLLI Cjitis Bi¥lding 2n.785 18.)32 12.n18 37.411 26.773 28.892 52.436 88.f46 129.422 2024 2023 GNern4nct costs ¢ompri5e: AlI feLS ALxounianc%' Leal and professiona] 7.500 5.145 2.284 7.il)O 5.326 14.9?9 12.826 Nd movement funds 2024 2023 Tht net movemeni in funds is si*ed after chargin{Credi11llg). F'ths pai'ablv for a111 ofihe Lhariil's financial aleMen IXyr¢ciation ol-oii"n¢d tangibl¢ fixtd &ssL"ts 7.) 54..132 7.51HI 54.835 19
JUBILEE COMMUNITY CHURCH (EG) CIO NOTF.S TO THE FINANCIAL STATEMENTS {coiYfiNUED) Jr-OR THE YEAR EIVDED 31 AUGUST 2024 10 Trustee5 N() trusiee receii.ed an!. remuncratiim for thcir dl¢S a tnL%iee or lor anv other ser%"ices prt¥%'i(kid to the C"In oth¢T than.. Mrs Ilannah ljapiist lias Lmploi'cd a5 1 lu (yl".4thE]ini5trdti()n & tA)gisiiLS. bui rlignLd during thL r¢porting tK'riod. l)Iiriiig thL !'Lar Lnding 3 ALLgJlLs12U24 shL Li"l%1 salan pa% mints and rLnsion conlrihutlOn5 lolulling £4.57.1 {2023- £17.49.)). Mrs Baptist's husband. tlJni¢l Baptist. IS 4ils(i empl()!Ld &$ l.L?d P&stor. During ihL ¢nding 31 AUgt ?024 hL fLLiiILd salaTh' pai'mcnls tK'nsi()n LntribU11}ns ioidlling £51.IMTr31?V2.j - £48.2981. qr Naihan IhM"n ¥ wile. NaialiL IX)iin. is cmplo%'¢d as P&4ordl and Communicaiions Administralor. During the )'¢ Lnding.31 August 20?4 reLl'iN'L salaTh' a1 tLrLsion contri1tionS totalling £9.31012023- £14.396I. No Irustee received ani. e¥rn5. Emplovtes The avernge monthl). numbLY ol'cmploi'tt3 during thc }'w H"as: 2024 Nmber 2023 Numbir 24 EmplgymeDt tosts 2U24 2023 'agl and 5aiarics Lial sccurity costs (hher pension costs 302.672 17.621 7.608 277.0", 20.7I3 7.2 327.901 304.411 K¢y MnAgement Personnel "I"he Iruy(LXS Li?nsidLr lour mLYnEL-rs of stsft" lo krn. Tnawg¢ment personnel. Tr tots] emplo)'mini knclits of k(). tlI#llge1neni %erL £131.184 1?023- £118.1271. Th¢r¢ W¢ no crnployees whose annual remUratIOn was morc ihbn £60.IMKI. 12 The charity is e¥eM from latIOn on its actii'ili¢s Fttause all its incotne is aTwlied for ¢klble purrx)sL%. 20 LEi COPAJAUMITY
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR TIII YL4R INDLD 31 AUGUST2024 13 Taigibl¢ fix¢d assets Frtebold llldBuildiDi bMildiD lsi tqMipititDt TotAI rillings Ai I k"p1cmE 2023 AdJitii)ns 3.197.681 266.844 84.826 !.564 33.612 .2giJ 3.661 ?06 8.68U Ai 31 August ?024 3.197.681 267.&14 84.070 87.3 34.wl 3.671.886 ikprtti¢iott ttd lipainI¢t Ai l %iPtLmbcr 20?- tXyr¢ciation chargLd in thc 2)6.624 196.8iO 65.845 33.131 602.801 11_717 2_Q2 fi.A_37 -517 .54.3.12 At I l Aiigust ?U24 268_3Jl 210.5 72.397 7?_682 33.64¥ 657.13J Carrvig moNt Ai 31 Augus12024 2.929.340 57.779 11.073 14.708 .253 3.014.753 Ai JI Au¥us1 ?023 2.901.057 70.014 9.872 18.981 481 3.000.405 FrhId land and buildings M'iih a &im'ing amount of £2.718233 12023 £2.749.9501 have been pledged to secure boTroiiings of thL chariiy. ThL" charii! is allom'cd io plcdgi th assas as sec1%, for other kTrrtowings or to sell to another enli.. 14 [htr% 2024 2023 Attounts fallint due within o#e )ear. Trxie debtors (hler debtors ProaN"rnetLts and accrued incorne 16.689 .891 i.41)9 16,271 16.802 4.707 28.079 37.780 15 Cffditors: *mouDts tslliDg due within ODe y¢Ar 2024 2023 NDte5 B•k loans OLILY taiation and social securits. tXrf¢rred inci)me TrC credttors (hber ¢reditors Awruals 17 72.198 17.924 -4.750 14.409 4.476 11.353 73.739 12.949 i,l)O 3.118 4.199 27.106 124.110 124.861 21
JUBILEE COMMUNITY CHURCH (EG) CIO IYOTES TO THF. FINANCIALSTATEMENTS {COlYtINUED) FOR THE YÈ"AR E"IVDED 31 AUGUST2024 16 C.r¢dilors: arnots dut after more o#e yer 2024 2023 Notes Ilank loatLS 17 232.966 33i.838 17 Lo4ns 4nd overdraft5 2024 Bank loans 305_164 409.$77 Pa%'able within oni I't P1)lIble atler onL' %'LMr 72.198 232.966 73.739 335.8J8 'Fh¢ iemis ol repai mLni for knih thL mortgagL aThJ loan arc momhl!. instslmcnts 5taTling one monih linm the dale . lun&% werL tKirriiivLxJ. dnd IhL m()ngagL JJWJ W. loan i)n thL ld and huildings at Unil l. Lharlii'cKKls R()al. L.usl (irinslLad1sLL 131. IniLfLs1 IS pa%ablL ihl Bank of Lngland baK" rJii plus 1.7):, l)urin¥ ihL' reIllIng rI0& ihL" balanc¢ of th¢ l)ank loan .&$ repaid in tiill. The balae on ihe mortgdgL Is SIII ()u¢¥tanding. eferreil illcome 2024 20LI Arising Irom defLYred renial incomc 3.750 Deferred income is includcd in thc linan¥ial slat¢m¢nts as folloms: 2024 2023 l)L"lirrcd incomL is inclu¢J¢d 1th1.. C'urteni liabilitiLS 3.750 3.7.9) Moiemenis in ihe trr. l)elerred inu)mL ai I SLVlLmEy 2023 Rvlia&¥d In)m prL%"iO8 riO(l RLwufiL deterred in ihe l'ear 3.750 13.7501 3.750 3.7.YJ r)elerreA ITme Ht I l Aiwii%t 2n24 3.750 22 JUWLtE
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Rt5tricted fund5 Tht ris(riLlixI lunds lif IhL Lh11¥ LximprisL ihL unLxrLndiQ vf d(Jnaiivns aThl grdnts h¥ld on itUs1 subjLxl Iv SFxiIIIL CLindili£)n5 bi don()rs as io ]K)ii" Ihth ma! k used. At I September 2023 Incoming resoue5 Resou¢5 expended TrSlerS At 31 August 2024 Jutrolcc Inlitl1.¢s Pund Chri81i<5 Against P(?I"LrtN" IC'API pap Neil, fiuinea Appeal Ukrnin¥ Fund Albania Car Fund Gitt 10 Ihc Bcnions 10.591 3.51M) 15.8801 17.9231 4.711 20.)99 24.722 527 8.482 2.81K) IJ.(YN)I 14.5(MJl 4.5(NJ ?0.318 lJl..l121 25.041 PrfviOs yvAr. At 15eplember 2022 In¢oming Resourres expend¢d Trjnsfers At 31 August 2VZ3 Bulding Clwiging Places JubilLL Ini(iaiii-Ls Fund 2.183.87 ?7.813 17.122) 2.62 2.650 182.5401 {2.103.9851 127.¥131 14.449 {2.6?01 9.275 116.6021 Pap] Nthi. Cjuinea Appeal (ls[laS A0ain Poi'cn). IC"API 19.7JO 12.696 17.7(Hl 24.722 2226.947 74.621 106.846 12.119.909) 24.7)3 IIK Building Fund r¥lai¥S ts) nioni¥S doJiaiLxI SLI1]iaLl io support ihL pufLhasi or irnpro%'¥niLlli i)t lh¥ Jubil¥C Cminiuiiiti. CLnirL. all iliiolni in rLlaiii)iJ l() lh¥ buildii)g sr)1¢ th¥ balaiic¥ ()f thL funds Iwi¥ iraiibf¥rr¥d e unresiricted designaied fund. 'lThe unrestricied desionaied fund is used lor wnnino ci)&s atKI related siaft- ¢0515 JS dl &s ¥nort8a8e repa>'menis. Changing Plac¢s Fund- Th¢ Changing PIKO Consortium launch¢d its ¢ampaign in 21N)6 on b¢half of th¥ oi'¢r 114 ol'i tnillion rL"opl¢ i%'ho cannot us¢ standard a¢cissibl¢ ioil¥lS. Thts includ¢s p¢opl¢ m.ith profound and Inultipl¢ leaming disibilities. mo)tor neurone disease. mu]liple sclerosis. cerebral palsi. as ii'ell as older people. Jubilee Communits" Church IEt Grimsteadl stJrt¢d a ¢wnpaign t() rais¢ grants and th)nalioDs io provid¢ a Clwiging Pla¢¢s Toilet within its la¢ilitie8. Ths neil. lacilii). M'as opened in (ktob¢r 2017. Jubilee Fund relales lo a specific group of 3id Pdrti charilies ihth ii"e 5UPWrt on a regular basis. Trdnsfers into this fu] are tnade trom the general tund or 8itren srKcitlC311% . memkrs {in Hhich the fi]nds are restriciedl. C'hristians Against Poi"ert!" Fund relates lo ihe adoption of the local CAP tkbi Cenlre in Jul!. 202? i¥hich aims to i.ide cri515 4d prgi'enlative sUPrt for thu5e in fitwicial need. All funds receii'ed and spent are restricted. Llkraine fund rLlat{ to thnations receii'ed to be p&ssed on to 'Triutnphant Grdce.. a Neivfriyrhtiers sphere in Ukraine nuttlK"ring 14 (..hUb¢S. Tr Albania Car fund relcs to donions received io io TMwcha%e a car for a Pastor in Albania to continue their rnol1st. thL the prisons. 23
JUBILEE COMMUNITY CHURCH (EG) CIO INOTES TO THF, FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ÈIVDÈD 31 AUGUST2024 zo Llnrtslrifted (nd5- designaitd Thcsc arc unrestricied funds i¥hich are malLrrial chariti s artii"ilies. At I Seplernbtr zoz) Rt50urrt$ ¢xpeDded Transfers At JI AugD5t zou BLiildin8 l.und ?.5?8.3.11 131.7171 2.496.(114 Prnvious yur. At I September 2022 Re50urce5 exp¢Dded Tr#m$ftrs At JI Au%wsl 2011 Building Fund 397.783 7 1311.548 2.5?¥..131 The purw5L ul-IhL building fuThJ 15 Lxplaiiml wiiliin tM)ie 19. 21 Unrtstricted fund5 'I'hi unrL%lri¥lid lunds ol'thL Ch&111 LX)mpri5L IhL Un¥%nded halan¢LS of donalions 4md ¥rdnis %vhiLh . noi %ubjLXI to SPLYitic condiiiotLS bi" th)n()TS (tnd ¥ranl(Trr5 11> )1 nil! IK. used. "I1¢ ijiilude d¢sign(It¥"d lunds" ii.hiih hdi"i Een Lt ¢1sidL l)ul ul-unrLslriLILsd funds h% thi In]s1tt"s lor 5tKYsfiL purws .4t I September 202J Inctsming resources Resourc txptnded Transfers At 31 August 2024 GLnLral lun(ts 334.306 667.871 1648.429) 111.2821 342.4t6 Previous ye•r. At I sePtebEr 2022 Resoue5 expendtd TraTr5ft At 31 Augu51 2013 resources CTL'llLral funds 304.935 63?.614 {i92.W) 110.5791 334.31b 22 Anl)'gis of ne¢ $5ets bttWttD fund5 UDrtstricttd Uttrestrirted fuDd5 fwttds genernl designated 2024 Re5tritted funds Tothl 2024 2024 2024 Al 31 2024. Taneiblc asknts C'urreni asseisliliabiliiiLs) l.c)ng turni liabilitics 51R.139 57.?93 I2_32_9(l 2.496.614 3.014.713 82.3)4 12.12.Y661 25.U41 34?.466 2.496.614 25.1141 2.864.1:1 24 COPAMuNirY
JUBILEE COMMUNITY CHURCH (EG) CIO NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED) FOR TIIE YEAR LNDED 31 A UGUST2024 22 AMI)'$is of llet asset5 between funds Icontinutdl LTnrr5tTifted Unre5trifted funds fund5 gEn¢r41 Re51ricted funds Total 2023 2023 2023 2023 At31 August 2023: Taie_ihle aqws CwrLWt assLxo11iabilitlL%) Lthg tLrni liabiltlilS Si2_074 138.070 1335.8381 1_528_331 3.060.405 16? 82_3 1335.8381 24.7)3 334.31K) 2.528.331 ?4.753 2.¥87.390 23 Capital commitments 21124 2n23 Arnounis conir&ied ior bui not proi.ided in the financial statetnents: Athris¢d and coniracted for 2.h65 Pri)r to 31 Augusi 2n23. Jubilee Communil!" Church enleTed inlo a contraci for Audio N"isual upgrades. During thi )'¢ar ¢lldL.d 31 Augusi 21123 ihe Lhurch pard a deposil lor the equiprnenl of £8.924. During the vear ¥nd¢d 31 AUg$t 2024. the pNye£i Mas Itni$h¢d and all comTnilt¢d amounts li'¢ paid. Re&ttd partv traDsac¢ions TFrfre w.ere no disclosable Teled pani tranLiK)n$ during i. NLw12023- non¢l. 25 Sthsidiries Tr5e fiT]cIal stai¢Tn¢nts ar¢ s¢pardi¢ charity financial slements Cor Jubilee Communii!. ChurLh (Easi Grinsteadi cio. t>Jails i)i-Ihe charity's subsidiaries ai 31 August 2024 are &% follo5.. ¥ne orndertklllg Regi$ttred ie¢ I%#tsre of bSinesS Class of $h*ns held /• Held Direft Indirect Jubilee Cornmwiih. Cafe CIC Jubilci LIlled Coininunil Church. Charlmoods Road. G[m(r(L United Kingdom. R11192I1L NIA 25
JUBILEE COMMUNITY CHURCH IEG) CIO NOTES TO THF. FINANCIAL STATEMENTS (CONTINUF.D) FOR THE YEAR EIVDED 31 AUGUST2024 Subsidiaries Iconlinuedl The aggregatc capilal and r¢s¢r%"cs and the rcsuli fur ihe !"eaT ofsubsidiariL% cNcludcd from W1]dtn M'as as follows.. Name of undertkiTr¥ PTDfivIkns5) Capital aTrd Re5trves JLibilLY Communiii C.alL C IC Limited 3.6?5 5.U38 Jiihil¥L ( Iimmuniii ( alL (-l(- 1.imilL is rtgisiered as a C'IC" and thffefore h(>lds no sharc capital. Ilowever. Jubil C otnmunitv Church IbAsi Grtnsteadi C'IO is ihc uliimat¢ controllitlg p2rf!" ofihe C'IC. 26 Cash gttherAted frnm optrations 21124 202J l)LliLii for thL ILar 123.2691 Jldjuslmenl% l()r'. Ini'L)tmLyII inLI)me reLognised in siaiemLni of financial aciiYiliL t)eprL"cJaliDn and imp#irniLml Ot-ian8iblL fixed lIs 1$9.5451 54.3i2 158.9411 MI>i'L)IILnls in iiiirking pital= I)LLr¥ in d¥bii>rs InLrLx8L/idLLfiasLI in crcdilors IDeirAseVincr¢ase in defettd incom¢ 9,701 7YU 16.363 112.6261 -1.7} C.#sh bsorbtd by optrtion5 117.9911 {3¥.8411 27 ADilysis of chatttes its rtei Idebtvcunds -411 Stpitmbtr 2023 fash IIovS .4t 31.4u%l 20M cl11 at bank atid iti halid 249.9( 171.539} 178.365 l.oans lalling du¢ H"ithin one >'ear I.()Jns lalling rnorL" than one )ear 173.7391 1.541 1112.%72 172.1%> 12.12.(1th1 1159.6731 32.874 26